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CHI-CHI’S Restaurants Set for Comeback After Two Decades

Nearly 20 years after closing the last CHI-CHI’S™ restaurant location, the popular Mexican restaurant chain is set to make a comeback thanks to a new agreement with Hormel Foods, owner of CHI-CHI’S™ trademarks. The deal grants Michael McDermott, son of CHI-CHI’S™ founder, use of the CHI-CHI’S™ name on physical restaurant locations which are expected to open in 2025.

Michael McDermott is determined to honor his family’s legacy by combining the classic CHI-CHI’S™ restaurant experience with modern influence...

Full Story »
Dec 4 9:23 AM, Expana



ASEAN Customers Study U.S. Pork and Beef in Trend-Setting Korea

To expand the range of U.S. pork and beef cuts in the ASEAN, USMEF led retail and foodservice teams to Korea to study how U.S. red meat is utilized.

Characterized by the growth of single-person households and growing demand for quality and convenience, the Korean food industry has invested heavily in new product development and has become an innovator in its uses of U.S. pork and beef. USMEF recently brought teams of retail and foodservice customers from the ASEAN region to Korea to study new products...

Full Story »
Dec 2 8:00 AM, Expana


Subway Announces CEO Transition

Subway, one of the world's largest restaurant brands, today announced that John Chidsey, Global Chief Executive Officer (CEO), will retire from the company at the end of 2024, after five years of exceptional leadership in the role. Carrie Walsh, Subway's current President of Europe, Middle East and Africa (EMEA) and former Global Chief Marketing Officer (CMO), will assume the role of Interim CEO, while a search is conducted to identify John's permanent successor.

"I am honored to step into the role of Interim CEO, continuing to drive key initiatives to help...

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Nov 26 9:07 AM, Expana


McDonald’s Gets Saucy This Holiday Season to Celebrate the Return of the McRib® Sandwich

The wait is finally over. Starting Dec. 3, for a limited time, your favorite saucy sandwich – the McRib – returns to participating restaurants just in time to satisfy your holiday cravings. After all, ‘tis the season…McRib SZN, that is.

The Sauciest Time of the Year

For the first time ever, we’re giving fans a chance to savor the McRib’s signature flavor. Introducing: A Whole Lotta McRib Sauce, a half-gallon jug of the iconic McRib sauce – perfect for...

Full Story »
Nov 21 9:33 AM, Expana


Chipotle Reaches 1,000th Chipotlane Milestone 

Chipotle Mexican Grill  announced today the opening of its 1,000th Chipotlane restaurant on Thursday, November 21. Located in the Kansas City metro area, the milestone restaurant will feature the company's signature digital order drive thru pick-up lane. Of the company's more than 3,600 restaurants in its real estate portfolio, nearly 30% feature a Chipotlane.

"Chipotlanes are a critical piece of our long-term growth goal of reaching 7,000 restaurants in North America," said Chris Brandt, Chief Brand Officer. "This restaurant format

is the fastest way for fans to...

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Nov 20 11:20 AM, Expana


Wendy's Names Ken Cook as Chief Financial Officer
 
The Wendy's Company announced its appointment of Ken Cook as Chief Financial Officer effective December 2.

Cook brings with him more than 20 years of relevant experience. In his previous role, he served as Chief Financial Officer for the U.S. Domestic segment at United Parcel Service (UPS) and also held leadership roles in Investor Relations and Treasury.

Cook will report to the President and Chief Financial Officer, Kirk Tanner and will serve on the company's Senior Leadership Team. His experience will help shape a... 

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Nov 20 8:00 AM, Expana


Panera Brands Announces New Independent Board Appointments

Panera Brands Inc., which includes the iconic fast-casual concept Panera Bread as well as the Caribou Coffee and Einstein Bros. brands, today announced appointments to its Board of Directors to bolster its restaurant industry experience as the company prepares for its next phase of growth. Patrick Grismer, previously Chief Financial Officer of Starbucks and Lead Independent Director of Panera, has been named Board Chair. Additionally, industry veteran David Deno has joined the Board and will assume the role of Audit Committee Chair, effective immediately...

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Nov 18 11:38 AM, Expana


Kingswood Capital Management Acquires Branding Iron Holdings, a Leading Protein Provider

Kingswood Capital Management, LP (together with its affiliates, “Kingswood”) announced today that it has acquired Branding Iron Holdings (“Branding Iron” or “the Company”), an industry-leading provider of branded and private label protein products, including beef and pork, with a core focus on frozen and refrigerated ground meats. This represents the latest investment for Kingswood in the food and beverage industry.

“It was important to us to identify a long-term partner who will help us grow and support customers across...

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Nov 18 8:00 AM, Expana


McDonald’s USA, Syngenta and Lopez Foods Collaborate to Help Produce Beef More Sustainably in the US

McDonald’s USA, one of the largest fast food restaurant chains, Lopez Foods, a multi-protein producer and long-term supplier to McDonald’s, and Syngenta North America, a leader in agricultural technology, today announced a collaboration that aims to increase feed efficiency and help reduce the amount of greenhouse gas emissions released per pound of meat produced, as part of efforts to improve the sustainability of beef production.

Enogen® corn is an in-seed innovation available exclusively from Syngenta, that...

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Nov 14 9:36 AM, Expana


7-Eleven, Inc. Unwraps Delicious Holiday Hot Food Deals to Satisfy Seasonal Cravings

Tis the season for sweet savings! 7-Eleven, Inc. is ringing in the holidays with irresistible deals that will delight taste buds and make celebrations merry and bright. From savings on pizza that the whole family can enjoy to mini chicken quesadillas and tacos that are perfect for gatherings or a cozy night in, customers can savor 7-Eleven's latest mouthwatering new items and discounts at participating 7-Eleven®, Speedway® and Stripes® stores, including...

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Nov 13 12:34 PM, Expana


Red Lobster Unveils New Menu; CEO Makes Stop on TODAY Show

Red Lobster’s new CEO, Damola Adamolekun, appeared on TODAY earlier this week to promote the seafood chain’s new menu and discuss its future as Red Lobster moves past its bankruptcy.

“Relevant, compelling and exciting is what we want Red Lobster to be for the future, and so we’re working on that now,” Adamolekun told TODAY’s Savannah Sellers.

In hopes of achieving that goal, Red Lobster debuted a new TV spot highlighting the new menu, which features seven new menu options, including...

Full Story »
Nov 13 10:25 AM, Expana


Subway Unveils New Global Restaurant Design

Subway®, one of the world's largest restaurant brands, is introducing "Fresh Forward 2.0." Rolling out globally in 2025, the next iteration of its global restaurant image is designed to further enhance the guest experience, improve convenience and help drive franchisee profitability.

Since the launch of the initial Fresh Forward design in 2017, over 20,000 restaurants worldwide have remodeled or built new locations in Subway's modern image, helping reset brand perceptions, grow sales, and reenergize franchisees and their teams. Fresh Forward 2.0, builds on that...

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Nov 12 2:40 PM, Expana


Thanks a Million, America! Burger King® Gives Away One Million Whopper® Sandwiches for Just $1

To say thank you to everyone who submitted their dream Whopper creation in the Million Dollar Whopper Contest, Burger King is serving up one million original Whopper sandwiches for just $1 starting Nov. 12 – while supplies last;

Starting Nov. 14, after much anticipation, Burger King Guests can enjoy the three finalist Million Dollar Whopper Contest builds and help crown the winner of the $1 million grand prize

Earlier this year, Burger King introduced...

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Nov 12 10:33 AM, Expana


Applebee’s Introduces NEW Really BIG Meal Deal

Enjoy the NEW Big Cluckin’ Chicken Sandwich or BIG Classic Bacon Cheeseburger, served with Classic Fries and a fountain drink for just $9.99; Available for both dine-in and To Go

Applebee’s is going BIG with the debut of its NEW Really BIG Meal Deal featuring the NEW Big Cluckin’ Chicken Sandwich and BIG Classic Bacon Cheeseburger served with Classic Fries and a fountain drink for only $9.99!* Big Taste, Big Flavor and Big Value, the Applebee’s NEW Really BIG Meal Deal is available now for...

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Nov 12 10:26 AM, Expana


Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Third Quarter Ended October 6, 2024

Red Robin Gourmet Burgers, Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal third quarter ended October 6, 2024.

Highlights for the Third Quarter of Fiscal 2024, Compared to the Third Quarter of Fiscal 2023:

  • Total revenues are $274.6 million, a decrease of $2.9 million.
  • Comparable restaurant revenue(1) increased 0.6%.
  • Net loss is $18.9 million, compared to...
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Nov 8 8:00 AM, Expana


US Foods Reports Third Quarter Fiscal Year 2024 Earnings

US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the third quarter fiscal year 2024.

Third Quarter Fiscal Year 2024 Highlights

  • Net sales increased 6.8% to $9.7 billion
  • Total case volume increased 3.8%; independent restaurant case volume increased 4.1%
  • Gross profit increased 8.1% to $1.7 billion
  • Net income was $148 million
  • Adjusted EBITDA increased 13.2% to $455 million
  • Diluted EPS increased 60.5% to $0.61; Adjusted Diluted EPS increased 21.4% to $0.85...
Full Story »
Nov 7 11:57 AM, Expana


Foodservice and Retail Merge as Boundaries Blur in a Transforming Market, Reports Circana

Circana, a leading advisor on the complexity of consumer behaviour, reports key shifts in the foodservice industry, revealing that traditional boundaries between foodservice and retail are becoming increasingly blurred.

The research, based on Circana’s comprehensive CREST data, reveals that European consumers spent €888 billion on food and beverages in the past year, with 37% of that dedicated to ‘immediate consumption’ options across both retail and foodservice channels.

The immediate consumption category includes food and drinks purchased for immediate use...

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Nov 7 9:22 AM, Expana


Red Lobster Appoints Larry Konecny as Chief Operating Officer

Red Lobster® today announced the appointment of Larry Konecny as Chief Operating Officer (COO). In this role, Konecny will lead the operational strategy for Red Lobster's 545 restaurants across the United States and Canada. Reporting directly to CEO Damola Adamolekun, he will drive initiatives to deliver elevated food quality, customer service, and operational efficiency, while fostering a culture rooted in teamwork and excellence.

"Larry brings an exceptional combination of operational expertise, a passion for developing high-performing teams, and a genuine understanding of what it... 

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Nov 6 10:01 AM, Expana


FAT Brands Inc. Reports Third Quarter 2024 Financial Results

FAT (Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”) today reported financial results for the fiscal third quarter ended September 29, 2024.

Andy Wiederhorn, Chairman of FAT Brands, said, “Over the last three years, we have expanded our brand portfolio to include 18 distinct concepts while our footprint has increased tenfold, now encompassing over 2,300 locations across more than 40 countries and 49 U.S. states or territories. We opened 22 new units during the third quarter, bringing our year-to-date openings to 71 new...

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Nov 1 7:52 AM, Expana


QDOBA Announces Appointment of Former Applebee's COO, Kevin Carroll, as Chief Operating Officer

America's rapidly growing #2 restaurant brand in the Mexican fast-casual category, today announced Kevin Carroll has joined the company as Chief Operating Officer. Carroll brings extensive restaurant leadership experience and is responsible for all aspects of QDOBA's operations strategy and execution across approximately 800 restaurants in the U.S., Puerto Rico and Canada. This appointment comes on the heels of the brand posting a 7.7% increase in comp sales for its fiscal year ending September 2024, on top of last year's 6.3% comp sales growth...

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Oct 25 8:00 AM, Expana


Bob Baker Named CFO of Red Lobster Amid Company’s Turnaround Efforts

Red Lobster has appointed Bob Baker as the company’s new Chief Financial Officer (CFO), a veteran C-suite executive in the foodservice industry. Baker will report to CEO Damola Adamolekun as part of the company's executive leadership team.

"Bob brings not only deep financial expertise but also a passion for restaurant operations," said Adamolekun. "His wealth of experience gained across the restaurant industry, combined with his hands-on approach, will be invaluable as we continue to position Red Lobster for long-term growth...

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Oct 24 10:08 AM, Expana


Starbucks Announces Increase in Quarterly Cash Dividend

Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors approved an increase in the company’s quarterly cash dividend from $0.57 to $0.61 per share of outstanding Common Stock. This increase will be effective with the dividend payable on November 29, 2024, to shareholders of record on November 15, 2024, and raises the company’s annual dividend rate to $2.44 per share.

Starbucks initiated its dividend in 2010 at $0.05 per share of outstanding Common Stock, and increased its dividend consecutively each year over the past 14 years...

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Oct 23 8:58 AM, Expana


Americans’ Appetite for Fresh Foods Drives Consolidation in Convenience Stores

Consumer demand for fresh food is transforming US convenience stores. Stores with dine-in options account for 58% of spending, driven by larger chains’ expansion and M&A.

In the US, consumer spending at convenience stores (c-stores) that offer fresh foods and beverages is increasing. These enhanced c-stores, often housed in upgraded and larger locations with dine-in options, now account for 58% of all spending at c-stores, up from 48% five years ago. Data indicates that c-stores offering a broader range of fresh food options...

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Oct 18 7:18 AM, Expana


Wakefern Food Corp. Acquires Di Bruno Bros. Portfolio of Branded Products

Wakefern Food Corp. today announced the acquisition of the Di Bruno Bros. portfolio of specialty products that are currently distributed nationally to wholesale and retail customers.

A pioneering specialty food retailer and purveyor of gourmet cheeses and cured meats in the Philadelphia area since 1939, Di Bruno Bros. was also one of the first specialty grocers online when it began selling its products nationwide in 1998.

The five Di Bruno Bros. retail locations and a bottle shop in Philadelphia were recently acquired by DB Gourmet Markets...

Full Story »
Oct 17 8:00 AM, Expana


Circana Reveals Value-Based Deals, Not Just Price, Drive 54 Billion Global Foodservice Visits

The foodservice industry is experiencing a fundamental shift in consumer behavior, with value emerging as the primary driver behind purchasing decisions worldwide, accounting for 54 billion visits annually, according to the latest Circana™ research. As inflation continues to challenge household budgets, consumers are looking beyond the lowest price point, prioritizing value, quality, and flexibility.

The emphasis on value is reshaping how foodservice operators approach their deal strategies. Visits driven by deal-based occasions grew faster than non-deal...

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Oct 16 8:50 AM, Expana


First DORITOS® Restaurant Elevates Late-Night Favorites at Crypto.com Arena

Today, DORITOS® introduces a new bold culinary experience for Crypto.com Arena ticket holders who seek the unexpected by opening a Doritos After Dark™ restaurant at the iconic sports and live events arena. Offering everything from spicy appetizers to bold entrees and sweet desserts, the restaurant elevates all dishes with the undeniable flavor and crunch of Doritos chips, inviting fans to feed their late-night curiosity.

"Taking cues from our consumers, we are enabling people to experience their favorite brands from Frito-Lay....

Full Story »
Oct 11 11:20 AM, Expana


US Foods 2024 Diner Dispatch Survey Uncovers Surprising Shifts in Diner Preferences

US Foods Holding Corp– one of America’s leading foodservice distributors – today released the results of its 2024 Diner Dispatch survey, which showcases the state of America’s relationship with dining out. Year-over-year data highlights key takeaways that can help operators make informed business decisions to help meet or exceed diner expectations. These include dine-in vs. take-out preferences, spend thresholds, and other key experiential preferences such as favorite restaurant types, wait times and the use of QR code menus...

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Oct 9 8:00 AM, Expana


It's Official: McDonald's Highly Anticipated Chicken Big Mac® Drops at U.S. Restaurants this Month

ICYMI – fans have been clamoring for McDonald's Chicken Big Mac – a twist on the original Big Mac that has been a fan favorite since 1968 – to debut in the U.S. After making appearances on McDonald's menus around the world, U.S. fans are now getting their chance to experience this limited time offer starting Oct. 10, at participating locations while supplies last.

"With the introduction of the Chicken Big Mac, we're excited to pay homage to one of our most iconic menu items...

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Oct 7 8:00 AM, Expana


Jack in the Box Inc. Announces Departure of Executive Vice President and Chief Financial Officer

Jack in the Box Inc. announces the resignation of EVP and Chief Financial Officer Brian Scott, who has accepted a new position outside of the restaurant industry. To assist with a smooth transition, his last day with Jack in the Box will be November 20th.

Dawn Hooper, a Jack in the Box veteran of 24 years who has previously served as interim chief financial officer, will assume the role of principal financial officer on November 1st and interim CFO upon Scott’s departure...

 

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Oct 4 11:46 AM, Expana


Wendy's Celebrates 25 Years of Nickelodeon's "SpongeBob SquarePants" with "Krabby Patty Kollab" 

Fans have eagerly speculated and imagined how this iconic patty might taste, and Wendy's is bringing its Krabby Patty Kollab Burger to land for a limited time, best paired with a first-of-its-kind Pineapple Under the Sea Frosty. The Krabby Patty Kollab Burger is Wendy's take on the most coveted recipe in all of Bikini Bottom, available starting October 8 in restaurants nationwide and on the Wendy's app.

The Wendy's Krabby Patty Kollab includes:

  • Pineapple Under the Sea Frosty: Wendy's...
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Oct 4 8:00 AM, Expana


Bob Evans Launches All-New Breakfast Value Menu Starting at $5.99

Bob Evans Farmhouse Kitchen™ is excited to announce the launch of their all-new breakfast value menu, "Sunrise Savers," debuting today, October 3. The new breakfast menu gives guests high-quality, farm fresh dishes at affordable prices – putting more food on your table for less. The Sunrise Savers menu features an array of wholesome, delicious dishes, ranging from farmhouse classics to brand new dishes designed with flavor and value in mind.

"At Bob Evans Farmhouse Kitchen, our goal is to excite our...

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Oct 3 10:43 AM, Expana


Smithfield Culinary Introduces Smithfield Select Bacon, the Game-Changing, Fully Cooked Bacon 

Smithfield Culinary, a leading producer of premium proteins, launched Smithfield Select Bacon, a fully cooked ready-to-eat option, as the latest addition to the company's platinum line of superior bacon products. This innovative offering is designed to provide an unparalleled sensory experience while significantly reducing time, labor and costs for foodservice operators. Smithfield Select Bacon delivers the rich flavor, appealing appearance and mouthwatering aroma of freshly cooked bacon without the hassle.

Smithfield Culinary's insights reveal that foodservice operators have traditionally faced the challenge of balancing...

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Oct 2 2:28 PM, Expana


As the Official Wing of Watching Football, Popeyes® is Putting it's Money Where Your Mouth Is 

At the start of football season, Popeyes® called dibs on being The Official Wing of Watching Football and committed to making sure every football gathering is packed with flavor and fun. To honor this, the brand recently introduced a new Sweet 'N Smokey Chipotle Wings flavor to continue offering fans the flavor variety they crave. Now, Popeyes is investing in "word of mouth" marketing by literally putting their money where your mouth is...

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Oct 2 1:22 PM, Expana


Subway Continues to Expand Its Global Presence with Over 10,000 Future Restaurant Commitments

Subway®, one of the world's largest restaurant brands, is reaching new milestones as it makes progress on its global growth strategy to expand its footprint, while delivering a high-quality, convenient guest experience around the world.

Over the past three years, Subway has signed more than 20 master franchise agreements, resulting in over 10,000 future restaurant commitments and contributing to over 40% of the brand's new restaurant openings this year. Seven of the 20 master franchise agreements have been signed in 2024, marking its entry into...

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Oct 1 11:36 AM, Expana


IHOP Is Bringing Weekends to the Weekdays to Celebrate the New Value-Driven House Faves Menu

Today, IHOP® announced it’s bringing the weekend to the weekday by inviting guests to enjoy its new House Faves menu every Monday through Friday from 7am-10pm, for just $6. IHOP prides itself on listening and reacting to guest feedback quickly; knowing customers are constantly looking for more ways to save when dining out with their families, the brand curated its House Faves menu with some of its best-selling breakfast items for guests to enjoy for just $6...

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Oct 1 11:20 AM, Expana


Burger King® Gets a Jump (Scare) on Halloween with Limited Time Menu Additions

This Halloween, Burger King® – home of the flame-grilled Whopper® – is teaming up with Amazon MGM Studios Consumer Products and the animated adaptations of The Addams Family to serve up scary delicious takes on some of the brand’s most iconic menu items. Available starting Thursday, Oct. 10 at participating restaurants while supplies last, the new The Addams Family Menu features four delicious items – each inspired by a different character from the beloved animated films.

Over the years, Burger King has given its...

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Sep 30 12:24 PM, Expana


CORRECTING and REPLACING Circle K Introduces New Meal Deals for $5 or Less

Third sub-bullet and eighth sub-bullet should read: Choice of 20 oz. Pepsi (instead of Up to 44 oz. Polar Pop).

The updated release reads:

CIRCLE K INTRODUCES NEW MEAL DEALS FOR $5 OR LESS

Circle K, the global convenience store chain, today announced new satisfying and convenient Meal Deals with a variety of food and drink offerings at irresistible prices, available in stores throughout the US starting October 1. As an often-daily part of customers’ lives, Circle K...

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Sep 27 10:43 AM, Expana


7-Eleven, Inc.'s Laredo Taco Company Celebrates National Taco Day and National Quesadilla Day

7-Eleven, Inc.'s Laredo Taco Company® is rolling out special offers on fan-favorite Mexican fare in honor of National Quesadilla Day on September 25 and National Taco Day on October 4. Laredo Taco Company, 7-Eleven's Mexican restaurant, is known for its authentic flour tortillas made fresh every day and its salsa bar featuring a wide selection of salsas and pico de gallo.

To celebrate National Quesadilla Day on September 25, Laredo Taco Company is offering...

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Sep 24 12:17 PM, Expana


O’Charley’s Rolls Out the Red Carpet with New V.I.P. Menu and Expanded Core Menu Featuring Prime Rib

O’Charley’s Restaurant + Bar is excited to announce the launch of its new Value Inspired Plates (V.I.P.) menu on September 23. With 15 budget-friendly items all priced at $12.99 and under, guests can enjoy incredible flavors and great value without breaking the bank. Who says being a V.I.P. has to come with a big price tag?

As a V.I.P., you’re invited to indulge in a variety of delicious dishes that deliver both value and flavor...

 

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Sep 23 2:34 PM, Expana


Cracker Barrel Reports Fourth Quarter Fiscal 2024 Results

Cracker Barrel Old Country Store, Inc. today reported its financial results for the fourth quarter of fiscal 2024 ended August 2, 2024. In 2024, the fourth quarter and fiscal year included an additional operating week ("53rd week") compared to fiscal 2023.

Fourth Quarter Fiscal 2024 Highlights

  • The Company reported total revenue of $894.4 million for the fourth quarter of fiscal 2024, representing an increase of 6.9% compared to prior year quarter total revenue of $836.7 million 
  • Total revenue for the fourth quarter of fiscal 2024 includes...
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Sep 20 8:00 AM, Expana


The Wendy's Company Announces Executive Leadership Appointments

The Wendy's Company announced today the appointment of John Min as the Company's Chief Legal Officer and Secretary and Mary Greenlee as Senior Vice President, U.S. Operations, effective today. These appointments represent the continued evolution of the Company's leadership structure to drive accountability and accelerate growth. Min will report to President and Chief Executive Officer, Kirk Tanner, and Greenlee will report to President, U.S., Abigail Pringle. Min succeeds E.J. Wunsch, who was appointed as Wendy's President, International in June 2024.

"I'm pleased to welcome John and Mary to the Wendy's team...

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Sep 17 10:17 AM, Expana


Insights on Crisis Management, Industry Shifts, and the Future of Agri-Food from Former Domino’s Pizza Executive

As Expana’s Agri-Food Americas event in Chicago draws near, we're thrilled to present an exclusive interview with a distinguished leader in the food industry, who will be speaking at the conference.

Tim McIntyre spent over 30 years at Domino's Pizza Inc., the world’s largest pizza chain, rising through the ranks to the role of Executive Vice President in 2022. Tim is an expert in crisis management and this interview offers valuable insights into how the food industry has transformed over the years...

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Sep 17 10:07 AM, Expana


McDonald's USA Launches Another Season of Savings this Fall

Summer might be over, but the savings are here to stay at the Golden Arches.

This past June, we kicked off the Summer of Value, promising you more deals and even more ways to save. From the highly popular $5 Meal Deal to National French Fry Day, to many other promotions available in local markets and on the McDonald's App, this summer was all about helping you take your dollar further.

And as it turns out, we've got a lot more in store for fans...

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Sep 13 7:31 AM, Expana


South Korean Restaurant Locations in the U.S. Grow 10% Over the Past Year

Circana™, a leading advisor on the complexity of consumer behavior, today released new research highlighting South Korea’s rising influence on the U.S. foodservice industry. Korean restaurants, foods, beverages, and flavors are experiencing rapid growth, with the number of Korean restaurant locations increasing by 10% in the past year alone. The surge has been fueled by expansion across both full-service restaurant (FSR) and quick-service restaurant (QSR) segments...

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Sep 13 7:28 AM, Expana


Toast Unveils Restaurant Trends Report; Costs for Lunch Up, QSR Breakfast Spending Shifts

Toast, a digital platform for restaurants, unveiled its Q2 2024 Restaurant Trends report. The report highlights the state of the industry via aggregated data from a group of selected restaurants in U.S. cities on its platform.

During Q2 2024, Toast found that consumers paid higher prices at quickservice restaurants (QSR). Guests shelled out an average of $11.26 for sandwiches and wraps (+4.6% YOY), $12.98 (+4.6%) for bowls, $11.45 (+4.6% YOY) for burgers, $11.42...

 

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Sep 12 8:01 AM, Expana


Domino's is Saying No to Shrinkflation by Launching MOREflation

Shrinkflation seems to be everywhere these days, but not at Domino's Pizza Inc. (NYSE: DPZ). The largest pizza company in the world is taking a stand against shrinkflation by giving customers more food for the same price. Introducing MOREflation: when online customers mix and match any two or more medium two-topping pizzas from Domino's for $6.99 each, they can upgrade one of their pizzas to a large for free from Sept. 9-29.

"As a response to high inflation, many companies are shrinking products to avoid raising prices...

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Sep 11 8:11 AM, Expana


Dine Brands Expands Global Footprint With First Dual-Branded Applebee’s® and IHOP® in Honduras

Dine Brands International, an affiliate of Dine Brands Global, Inc., the parent company of Applebee’s®, IHOP®, and Fuzzy’s Taco Shop® restaurants, is further expanding its global footprint and unique dual-branded Applebee’s and IHOP concept to new international markets. Through a multi-unit development agreement with franchisee BLT Global Brands, the first dual-branded restaurant in San Pedro Sula, Honduras is planned to open on September 16, 2024...

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Sep 11 8:06 AM, Expana


Big Chicken Teams Up with Bite Kiosk to Launch the ‘O’Neal Family Secret Menu’

Bite, the leader in intelligent kiosk solutions for restaurants, and Big Chicken, the fast-growing chicken concept known for creating BIG Smiles through BIG Flavor and BIG Fun, are joining forces to bring guests a chance to try some of Founder Shaquille O’Neal’s family favorites through the ‘O’Neal Family Secret Menu.’ The kiosk-only menu is hidden for guests to discover for themselves on Bite’s ordering kiosks at company-owned Big Chicken locations. Big Chicken is in the process of rolling out the new menu additions...

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Sep 11 8:05 AM, Expana


BJ's Restaurant & Brewhouse Launches New $13 Pizookie Meal Deal

Today, BJ's Restaurants, Inc. (NASDAQ: BJRI) launches a new attack in the fight against inflation: the new $13 Pizookie® Meal Deal, an unbeatable offer available at BJ's Restaurant & Brewhouse locations nationwide. At a time when inflation continues to stretch consumers' budgets and rising costs make dining out feel like a luxury,* BJ's is setting out to create an experience that's as good for the soul as it is for the wallet. While many restaurants scramble to meet the demand for affordability, BJ's is creating a new...

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Sep 11 7:29 AM, Expana


Court Approves Red Lobster Bankruptcy Plan; Over 500 Restaurants to Survive

Seafood restaurant chain Red Lobster announced that it has received court approval for its Chapter 11 bankruptcy plan.

As part of the plan, RL Investor Holdings will acquire the chain. RL Investor Holdings is an entity created by funds managed by  affiliates of Fortress Investment Group LLC, alongside co-investors TCW Private Credit and Blue Torch.

The deal is expected to close by the end of this month, per a statement from Red Lobster.

The sale also means that Red Lobster will remain an independent company with 544...

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Sep 6 7:16 AM, Expana







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